Reuters: YRC trucking makes headway on needed debt deal

December 22, 2009: U.S. trucking giant YRC Worldwide (YRCW.O) said on Monday that it had received the needed approvals from lenders and pension funds to allow it to proceed with a critical debt-for-equity exchange offer that could keep the company out of bankruptcy.

YRC, the largest U.S. trucking company in the "less than truckload" category, has been trying to get a majority of its bondholders to agree to swap about $536.8 million in debt for equity.

Click here to read the full report from Reuters.


Be the first to comment

Please check your e-mail for a link to activate your account.
Get Advice Join TDU Donate

Recent News

TDU Black Leadership Conference

African-American Teamsters will hold TDU’s first national Black Leadership Conference, July 13-14 in New York City.

YRCW Local-by-Local Vote Count Results

Get the local-by-local vote on the YRCW contract and every supplement.  Check out the vote in your local and others. See where the Yes and No votes prevailed.

View More News Posts